- Analytics
- News and Tools
- Market News
- FOMC: policy makers said the case for a rate hike has strengthened. USD rally over?
FOMC: policy makers said the case for a rate hike has strengthened. USD rally over?
The Federal Reserve on Wednesday kept interest rates unchanged, as expected, but policy makers said the case for a rate hike has strengthened.
FOMC members voted 8 to 2 to maintain interest rates in a range of 0.25 to 0.5%.
"The committee judges that the case for an increase in the federal funds rate has continued to strengthen but decided, for the time being, to wait for some further evidence of further progress toward its objectives," the Fed said in its policy statement.
It was the first time the Fed qualified such a statement to say that only "some" further evidence was needed.
Analysts say that as long as inflation continues to pick up the Fed will hike interest rates at its December 13-14 meeting.
This will give the markets time to digest a potential shock if "status quo" presidential candidate loses to GOP man Donald Trump.
Cleveland Fed President Loretta Mester and Kansas City Fed President Esther George dissented for a second meeting in a row, but Boston Fed President Eric Rosengren was on board this time - rttnews.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
